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I <br />I DRAFT <br /> <br />Anoka County Contract No. ~ <br /> <br />t <br />I <br /> <br />the debt does not exceed 0.25 pement of the market value of taxable property in the City) to <br />finance capital equipment including public safety and data processing equipment; and <br /> <br /> WI-IEREAS, Minn. Stat. § 471.59 provides for the joint exercise of common or similar <br />powers by governmental units, and also provides that a county may perform on behalf of another <br />governmental unit any service or function which that unit would be authorized to provide for <br />itself; and <br /> <br /> Wlq~AS, the purpose of this Agreement is to provide for the joint financing of the <br />System and to provide for the sharing of the ongoing costs of the System; <br /> <br /> NOW, THEREFORE, by virtue of the powers granted by law and in consideration of the <br />mutual covenants and agreements of the parties hereto, it is agreed as follows: <br /> <br /> SECTION ONE <br /> <br /> FINANCING OF CAPITAL COSTS <br /> <br /> The County will acquire the System in accordance with laws al>fiicable to the County. <br />Ail participant Cities will share in the initial costs of the software, the network and project <br /> <br /> ! <br />,I <br /> I <br /> I <br /> <br />managers fee and the master server and attendant costs and the legal, financing and underwriting <br />costs for the Notes, defined below, (Shared Capital Costs-)-mad agree to repay their pro rata <br />portion to the Cou. nty according to the provisions of Attachment A. <br /> <br /> The Shared Capital Costs will include the following: <br /> <br /> 1. cost of the Vision, Inc. software ($644,869) <br /> 2. cost of the Network and Project Managers fee ($56,625) <br /> <br />cost of the master server to serve all 'participants <br /> <br />-2- <br /> <br />1t7 <br /> <br /> <br />